
2020 in Review
The Memo by Howard Marks
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Makro Forecasts and Successful Forecasters Are Few and Far Between
This negative view on forecasting is a major theme running through oak trees culture, and the reason we don't base our investments on mackerol forecasts. That's why profitable makro forecasts and successful forecasters are few and far between. The economy continues to reopen and recover from the pendemic, and this process should speed up as the vaccine roll out accelerates.
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